53 N Market St | Asheville, NC 28801
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53 N Market St
Asheville, NC 28801
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Two parking lots adding to revenue stream.
EXECUTIVE SUMMARY
Beautiful historic office building in Downtown Asheville. Great opportunity for a 1031 Exchange or an owner occupied user with month to month leases ready for occupancy. This building has 2 parking lots (one on each side) that add to the revenue stream. Due to the historic / preservations restrictions, this property can not be redeveloped on the exterior of the building. Please email listing agent for all financials and important documents for any acquisition inquiries.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
17,000 SF
Building Class
B
Year Built
1928
Price
$1,850,000
Price Per SF
$109
Cap Rate
5.68%
NOI
$105,000
Percent Leased
71%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,667 SF
Building FAR
1.05
Lot Size
0.37 AC
Zoning
CBD - Central Business District
Parking
34 Spaces (2 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 9649-41-3286-00000 | Improvements Assessment | $1,640,000 |
| Land Assessment | $2,021,100 | Total Assessment | $3,661,100 |
PROPERTY TAXES
Parcel Number
9649-41-3286-00000
Land Assessment
$2,021,100
Improvements Assessment
$1,640,000
Total Assessment
$3,661,100
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